Where to exchange money in Ilorin
Are you heading to Ilorin? You will want to ensure you are aware of the local currency and how to obtain it. In addition, you may want to keep track of the current exchange rates and where to change your money to the local currency without getting ripped off.
We will give you a list of the best currency exchanges in Ilorin that you can visit in person.
There is also a digital alternative to consider by using Wise. This could save you both time and money.
Where to exchange money in Ilorin
Are you heading to Ilorin? You will want to ensure you are aware of the local currency and how to obtain it. In addition, you may want to keep track of the current exchange rates and where to change your money to the local currency without getting ripped off.
We will give you a list of the best currency exchanges in Ilorin that you can visit in person.
There is also a digital alternative to consider by using Wise. This could save you both time and money.
Spend abroad without hidden fees
Currency exchanges in Ilorin
If you’re still into the idea of carrying cash around and exchanging it, here are some popular foreign currency exchange locations in Ilorin.
One reminder, though: there’s no such thing as fee-free or 0% commission foreign exchange transactions. So, always check the mid-market exchange rate in advance, so you know how much your money’s worth.
| Money Changer | Address | Contact Information |
|---|---|---|
| Instant Bxchange | Ambrose Orogun Sreeet, Niger Rever, 2 Basin Road, off Taoeed Road, Oko Erin 240102, Kwara, Nigeria | +234 803 354 2677 |
| Carlnini Global Company | Suite 31,Stadium Shopping Complex, FGJR+6XM, Ibrahim Taiwo Rd, Ilorin 240101, Kwara, Nigeria | +234 805 612 8516 |
| GD Lintel EX | 20 Sulu Gambari Rd, Oko Erin 240101, Kwara, Nigeria | +234 708 668 2117 |
Notice anything wrong with our results table? Let us know - If there is a genuine mistake, we will do our best to resolve it.
Nigerian naira rate today
First off, in case you’re wondering something along the lines of “does Nigeria use Nigerian naira?”, the answer is yes. The currency in Ilorin — and the rest of Nigeria— is Nigerian naira
You can also find it written as NGN in currency exchange shops.
What you should know about exchanging money in Ilorin
When exchanging money in Ilorin or any foreign city, it's important to be aware how to get the best deals and avoid excessive charges and hidden fees. If you are planning on staying in Nigeria long-term or looking to make a larger investment you could consider opening a local bank account. Otherwise, use the tips below to help avoid getting overcharged.
1. Be wary of 'zero fee' services
Some services claiming 'no commission' often offer poor exchange rates. These may not reflect the mid-market rate, similar to what you'd see when checking the rate on Google. This can lead to higher costs for you and more profits for them.
2. Research the exchange rate
Check what the current exchange rate is so it's easier to spot a bad deal from currency exchanges.
3. Avoid exchanging money at airports or hotels
It may be highly convenient, but airports and hotels will almost always offer poor rates and high transaction fees. Avoid this where possible.
4. Use ATMs strategically
Check if your local bank has partnerships in Nigeria banks to avoid unwanted ATM fees. It's becoming less of a requirement, but it can be good to inform your bank before traveling too.
5. Pick local currency on ATMs and card payments
When using an ATM abroad, choose to be charged in Nigerian nairas for a fairer rate and fees. The same applies if you get the option on card machines.
Money exchange at the tip of your fingers
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Other currency exchanges
Bottom line
As you can see, there are plenty of options for exchanging money in Ilorin. Remember to do your research on the exchange rate and get the most out of your trip. For a fuss-free alternative to exchanging cash, check out Wise.
Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.
This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.
We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.